If Actual Price Per Unit of Materials Is Greater Than

question 10

Short Answer

If actual price per unit of materials is greater than the standard price per unit of materials, the direct materials price variance is____________ .

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Definitions:

Attorney

A professional authorized to practice law, representing and advising clients in legal matters and disputes.

Typist

An individual who specializes in typing text, often using a keyboard or typewriter, to create documents, reports, or other written materials.

Wage Rate

The amount of money paid to an employee per unit of time, such as an hour or a year.

Economic Pie

A metaphorical representation of the total amount of wealth or resources available in an economy that can be divided among its participants.